Lupin Ltd's anti-cholesterol drug is highly competitive and hence unlikely to contribute significantly to the company, though its getting approval is positive.
![USFDA Approved Lupin`s Anti-Cholesterol Drug may Not Fatten Up Firm Financials USFDA Approved Lupin`s Anti-Cholesterol Drug may Not Fatten Up Firm Financials](https://images.medindia.net/health-images/1200_1000/drugs1.jpg)
"Like other fibrates, it reduces low-density lipoprotein (LDL) and very low density lipoprotein (VLDL) levels, as well as increasing high-density lipoprotein (HDL) levels and reducing triglyceride levels," she said.
According to her, though the drug is highly competitive and hence unlikely to contribute significantly to the company, its getting approval is positive as the approval has come from Lupin's Goa plant, which underwent USFDA audit.
Questions sent to Lupin by IANS remain unacknowledged.
Meanwhile the Lupin stock opened at BSE at Rs.1,820 as against previous close of Rs.1,795.45. The stock price touched a high of Rs.1,939.90 and later changed hands at around Rs.1,892.
Source-IANS